Price was in a strong downtrend, and it seems that the bottom is in for NAS100, as a double bottom reversal pattern along with bullish divergence has emerged on four hourly time frame hinting the arrival of bulls to the scene. If previous lower high is broken with volume then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.